Thai IPO Pipeline Faces Difficulties, Exchange President Says

Thailand’s initial public offering pipeline continues to face challenges, even as signs of renewed investor interest have started to emerge, according to Stock Exchange of Thailand President Asadej Kongsiri.

“The pipeline has been a difficult situation for Thailand,” Asadej said in a Bloomberg TV interview, adding that IPOs typically take time to develop, sometimes as long as two to three years. He said one of the main factors in issuers’ decision-making has been valuations.